Petrobras Delays Rio de Janeiro Petrochemical Project

10:33 AM MDT | July 2, 2012 | Kara Sissell

Brazil’s state oil company Petrobras (Rio de Janeiro) says plans for the Complejo Petroquimica Rio de Janeiro (Comperj) petrochemical complex near Rio de Janeiro have been delayed, but did not provide details regarding a revised start-up date. Petrobras also will delay startup of two refineries in Northeast Brazil, the company says. Petrobras president Maria das Graças Foster says Comperj and the other projects have not been canceled, but that further studies are necessary to determine revised completion dates. “The Comperj project...